Ezotop

Wednesday, October 25, 2023

CapLand Invest (9CI.SI) - Wah, All-Time-Low ! At 2.92 yield is about 4.11%, looks like gd price is back!

  Chart wise, bearish mode! She has gone down to touch 2.92 this morning,  looks like gd pice is here! 




At 2.92 yield is about 4.11%.

NAV 2.84.

The comp has been actively buying back share.

Yesterday they have bought back 4m share at 3.03.

Not a call to buy or sell.


 I think good opportunity is back! 





At 3.03, yield is about 3.96%. Immediate support is at 3.00-2.98. She has managed to stay above the recent low of 3.02. If 3.00 cannot hold then we may see her going down to test 2.95 than 2.85.

Not a call to buy or sell!

Please dyodd.

Pls dyodd.

 CapitaLand Investment  - Results is out, not bad! Total Revenue is down 1% to 1345m, Operating PATMI is dien 1% to 344m, recurring FM fee grow by 10% to 183m, awesome!


I think Results is not bad and Operating profit is quite stable!




I think yearly dividend of 12 cents is sustainable and may be see further increase if FM fee grow faster than expected! 




I have nibbled small unit at 3.26 yesterday during the closing!




Aiming for some kopi money!

At 3.26, the yield is about 3.65% if the yearly dividend is 12 cents. 

She is due to report her 1st half results on 11th August that may provide us the clue how is the direction of the share price! 

Not a call to buy or sell!

Please dyodd.

Let's monitor and wait for her to dip a bit to 3.22-3.26 and see if it can cross the resistance at 3.28 smoothly before taking further action !



At 3.29, yield is 3.6%.

Not a call to buy or sell!

Please dyodd. 


Chart wise,  bearish mode!

Likely to continue to trend lower!



Short term wise,  I think she may go down to test 3.20.

Breaking down of 3.20 plus high volume she may continue to slide further down to 3.00 then 2.94.

Yearly dividend is 12 cents. Yield is about 3.72% at 3.22.

Please dyodd.




  





"CapitaLand Investment remains steadfast in being a trusted partner as we strengthen our position as a leading global real estate investment manager which delivers high quality returns."






After a successful demerger from the development business of CapitaLand Limited (“CapitaLand” or the “Parent Group”), CapitaLand Investment (CLI) was listed on SGX-ST on 20 September 2021. This transformative transaction created one of Asia’s leading listed real estate investment managers (REIM) and one of the largest REIMs in the world. Since day one, we have focused on putting our proven track record of investment management and fee income growth to work — unlocking more long-term value for our shareholders. 

CLI’s investment management leadership in Asia began about two decades ago, when we listed Singapore’s first real estate investment trust (REIT), CapitaLand Mall Trust. Today, our six listed funds across Singapore and Malaysia hold a Funds under Management (FUM) of approximately S$60 billion. 

And that’s only part of the real estate portfolio that we’ve built — over S$29 billion FUM are also managed through a comprehensive and expanding private funds platform comprising more than 30 private vehicles.

​Including assets held directly by CLI as well as assets managed through our global lodging platform, CLI oversees S$133 billion in Real Estate Assets Under Management (RE AUM).

In addition to Singapore, CLI’s core markets include China and India. But our boots on the ground extend far beyond that, to markets across Asia Pacific, Europe, and the USA. Our real estate and management expertise has helped us amass a diversified portfolio of recognisable brands, operating platforms, and asset classes which include retail, office, lodging, business parks, industrial, logistics and data centres.





CapitaLand Investment's (CLI) listed funds business comprises five REITs and business trusts listed on the Singapore Exchange and one on Bursa Malaysia, with a total market capitalisation of S$32.2 billion1. Our listed funds portfolio is focused on driving sustainable distributions and increasing value for our unitholders.


Over time, we have built a strong track record as a Sponsor, making sure our listed funds are always efficiently structured and well-positioned for continued growth.

CapitaLand Investment managed the listed reit companies like Ascendas REIT,  CapLand China Trust,  CapLand Ibdia Trust,  CapitaLand Integrated Commercial Trust and Ascott trust. 

  • CapitaLand Investment (CLI) owns and manages over 1,000 quality properties across the globe, providing a wide range of integrated real estate solutions for work, live and play. The current assets pipeline on CLI's balance sheet provides a diversified stable of high-quality assets with visible monetisation potential.   

    With a full stack of investment and operating capabilities, we present a unique value proposition for our partners, investors, tenants and customers.





Mapletree Ind Tr - Resulis out! Dpu is down1.2% to 3.32 cents, Gearing 37.9%, NAV 1.88, I think Results is not bad!

 

2nd quarter results is out!

Gross Revenue is down 0.8% to 174m.






NPI is down 1.8% to 128.5m.

DPU is down 1.2% to 3.32 cents.

NAV is up 1.6% to 1.88.

XD 1st November. 

I think the results is not bad considering current high interest rates environment!

borrowings costs is up 10.2%.

Fixed Loan of 79.2%.

Overall is not bad!

Pls dyodd.

Quote : 

Mapletree Industrial Trust has been kept at "buy" by UOB Kay Hian's Jonathan Koh, along with a revised target price of $2.76, slightly higher from $2.74 indicated earlier.

https://www.theedgesingapore.com/capital/brokers-calls/uob-kay-hian-maintains-buy-call-mapletree-industrial-trust

I think boat is back! 






At 2.19, yield is about 6.1% estimating yearly dividend of 13.4 cents.

NaV 1.86. Gearing is below 40%.

Chart wise, looks like she may go down to test the recent low of  2.17.

Next quarterly results will be out on 25th October,  dividend is coming!

Not a call to buy or sell!

Please dyodd.

  

Mapletree Industrial Trust ("MIT") is a real estate investment trust listed on the Main Board of Singapore Exchange. Its principal investment strategy is to invest in a diversified portfolio of income-producing real estate used primarily for industrial purposes in Singapore and income-producing real estate used primarily as data centres worldwide beyond Singapore, as well as real estate-related assets. 



As at 31 March 2023, MIT's total assets under management was S$8.8 billion, which comprised 85 properties in Singapore and 56 properties in North America (including 13 data centres held through the joint venture with Mapletree Investments Pte Ltd). MIT's property portfolio includes Data Centres, Hi-Tech Buildings, Business Park Buildings, Flatted Factories, Stack-up/Ramp-up Buildings and Light Industrial Buildings.

MIT is managed by Mapletree Industrial Trust Management Ltd. and sponsored by Mapletree Investments Pte Ltd.



NAV is about 1.8653.

Yearly dividend of about 13.4 cents.

Yield is about 6% at 2.21.



Occupancy rate is 94.9%.

Gearing 37.4%.

The recent Private placement of 204.8m for the acquisition of data centre in Japan,Osaka. Looks like dpu is accretive! 

Looks like gd price is back!

Not a call to buy or sell!


Please dyodd.


The price has fallen below the recent Private placement price of  2.21, looks like a good pivot point!

Yield is about 6.11% based on current price of 2.18.

Immediate support is at 2.17.

Please dyodd.


Tuesday, October 24, 2023

FCT - Frasers Cpt Tr : Full Year results is out! Gross Revenue and NPI is up but DPU is down 1.2% to 6.02 cents, i think results is not bad!

Full Year results is out! 





Gross Revenue is up 1.8% to 184m.

NPI is up 1.1% to 129m.

DPU is down marginally 1.2% to 6.02 cents versus 6.09 cents last year! 

Gearing is 39.3%.

Gearing is expected to go down to 36.1% upon completion of divestment of Changi City Point.  

The Average costs of borrowing is 3.8% Slightly higher than last year 3.7%.

Occupancy is 99%.

Please dyodd.

Wah, she is having a nice rebound today up 6 cents to 2.15  looks rather encouraging! 



The volume isn't that high!

Let's monitor and see if it will continue to trend higher towards 2.20 and above!

Results is due on 25th October. 

Pls dyodd.


The selling down has been too drastic!

At 2.06, yield is 5.92% for this retail reit counter that is fundamentally sound of which I think golden opportunity is here!




Chart wise, it may well go down to revisit 2.00.

next support is at 1.89-1.90.

Not a call to buy or sell!

Please dyodd.

 Divestment of the Changi Mall at 338M , Citi Analyst upgrade to buy with a price target of 2.51, Awesome!

Quote :

Citi Research analyst Brandon Lee has upgraded his call on FCT to “buy” given its improved gearing to 37.1%, making the REIT the lowest-geared retail Singapore REIT (S-REIT) among the REITs within his coverage.

FCT’s move will also give it sufficient debt headroom to make potential acquisitions that are accretive to its distribution per unit (DPU), Lee adds.

The recovery of retail revenue after Covid-19 is also another plus for FCT in the analyst’s book.

With all that in mind, Lee has increased his target price to $2.51 from $2.30. His new target price has an implied P/B of 1.08x in-line with FCT’s five-year pre-Covid-19 mean of 1.09x.



Chart wise,  bullish mode!

A nice breakout of 2.26 smoothly plus good volume that may likely drive the price higher towards 2.30 than 2.35 and above!

NAV 2.32. Yearly Dividend is about 12.2 cents. Yield is about 5.44% at 2.24. I think gd price level to monitor. 

Please dyodd.

Monday, October 23, 2023

CapitaLand Integrated Comm Trust - Wah, Golden opportunity is here! Yielding at 6 27% for this local giant reit counter I think super great price is here, dont miss out!

It seems like it is having a temporary rebound as the volume is still low not so convincing!



Pls dyodd. 


At 1.69, yield is about 6.27% of which I think is quite a gd yield for this giant retail cum grade A office reit.




NAV 2.12.

3rd quarter Results update will be out on 26th October. 

Not a call to buy or sell!

Pls dyodd. 


CapitaLand Integrated Commercial Trust (CICT or the Trust) is the first and largest real estate investment trust (REIT) listed on Singapore Exchange Securities Trading Limited (SGX-ST) with a market capitalisation of S$13.5 billion as at 31 December 2022. It debuted on SGX-ST as CapitaLand Mall Trust in July 2002 and was renamed CICT in November 2020 following the merger with CapitaLand Commercial Trust (CCT).


 Looking at the FY 2022 results the NPI is up 9.7% and achieved an increased of DPU from 10.40 to 10.58 cents. It looks like the rental income is improving!







The First Quarter 2023 update is as follow:

The NPI is up 11.3% to 276.3m and occupancy rate % has improved from 95.8 to 96.2.




The gearing is slightly from 40.90 to 40.40%.



The Average WALE is 3.7 years.




The Top 10 tenants are RC Hotels (Pte) Ltd, WeWork Singapore, GIC Private Limited, NTUC Enterprise Co-Operative Ltd & Temasek Holdings etc.




Total Property value is about 24.2 billion of which is the Biggest reit counter listed on the Local Singapore Exchange.

NAV is about 2.116.

Yearly dividend of about 10.58, Yield is about 5.6%(based on current price of 1.89).

I think gd pivot entry point is back!

Please dyodd.


Sunday, October 22, 2023

Keppel DC Reit - The one and only Almost Fully DC reit locally that is dropping faster than I have thought off! Is it a Good Time to Buy?

 Last Friday,  it has broken down the support at 1.80 and closed lower at 1.72 looks like BEAR is in control!





At this rate of falling,  it may go down to test 1.59 again!

NAV 1.39. If 1.59 cannot hold then we may see her going further down to test 1.50 than 1.40 with extension to 1. 31.

Pls dyodd.

 Yesterday,  it has broken down the support at 1.90 and went further down to test 1.79 before closing at 1.82. The volume is high indicating there are more seller than buyers.



Short term wise,  if 1.80 cannot hold, next, we may see her going down tobtest 1.75 than 1.70 with extension to 1.59.

At 1.81, yield is about 5.46%. At least it is closing up the different in yield with most of the index reit  

Pls dyodd.


Indeed,  she has broken down the support at 1.98 after the 3rd quarter results released! I think market in not in favor of this set if financial numbers judging from the selling off down 11 cents to close at 1.90.

NAV is 1.39.

P/B is 1.44.




If the support at 1.89 cannot hold,  she mat likely go down to test 1.80 than 1.75 with extension to 1.60.

Pls dyodd.


DPU) of 2.492 cents for the 3QFY2023 ended Sept 30, a 3.6% decrease from the same period a year ago. 

9MFY2023 of 7.543 cents is lowered than last year DPU of 7.634 cents. 

For the three-month period, distributable income dropped by 6.5% y-o-y to $43.9 million. The REIT says that this is mainly due to higher finance costs and less favorable forex hedges, which were partially offset by higher finance income and tax savings. Its 9MFY2023 distributable income stands at $135 million, 2.1% lower y-o-y.





Yield is about 5% at 1.99.
I think a good pivot point might be at 1.81 about 5.5% yield! 

Chart wise, bearish mode! 
Immediate support is at 1.98.
Next support is at 1.90-1.91.
If 1.90 cannot hold,  we may likely see her going down to revisit 1.80 than 1.75.

Not a call to buy or sell!
Pls dyodd.

FCT : Frasers Cpt Tr - She is holding up well at 2.18, likely to test 2.23!

 FCT : Frasers Cpt Tr  - She is holding up well at 2.18, likely to test 2.23 again!  Breaking out of 2.23 smoothly we may see her rising up ...